Addition u/s 40A (3) - expenses incurred by the assessee for the purchase of raw hides and skins in cash...

Addition u/s 40A (3) - expenses incurred by the assessee for the purchase of raw hides and skins in cash - Notices to sellers sent u/s 133(6) of the Act have returned with postal endorsement ‘not known’. - the tribunal has noted the fact and also taken a note of the contemporaneous documents produced by the assessee, namely, the sales tax bills, transport permits and other Government records to prove the genuineness of the transaction. Apart from that, the day-to-day stock register were also mai..... .....

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